machine trading replacing us?

Yeah, but the Ferraris have to drive on the roads paved by the big load-hauling trucks and bulldozers. And nowadays they ain't using much asphalt (too much aggregate) and the road's pretty rough for the Ferraris that are left. Plus, you can easily get stuck and crushed by these monsters.


Quote from libertad:

Anywhere there is big money to be made...there is big money backing approaches to making it..

Direct access killed Wall Street´s commission business...thus their focus is to make it some other way with equities as can be referenced in the quarterly earnings reports of the publically held entities...and through some reporting hedge fund entities...

Also there are some pseudo front running programs that have been designed by the bigger market makers....

What is interesting here is that they have ended up fighting amongst themselves...

Look...having big computer players is good for daytraders...they actually create..not take away opportunities...

Remember...Ferraris are fast...fun to drive...and run circles around big load hauling trucks....

Good trading...
More...
 
so who here agrees that automated trading is good for daytraders?

I just ask because a lot of the quantitative finance community feels that their jobs will be replaced by computers.
 
Quote from newguy1:

so who here agrees that automated trading is good for daytraders?

I just ask because a lot of the quantitative finance community feels that their jobs will be replaced by computers.
More...
trading one-on-one against a deep computing computer like Blue Gene would concern me because of its adaptability capacity.

But, when you have multiple computers trading the markets every which way, that does not concern me because I can adapt.

Trading one-on-one against a Blue Gene type computer and winning may have to do with the size of the account.

Both accounts being equal, I could give an IBM a run for its money trading currencies.
 
When it comes down to it, it doesn't matter who or what is doing the trading, it's still all based on supply and demand. Any day the Dow moves 100+ pts then there is a supply/demand issue within that trading session, it is not a bunch of computers screwing around sending us to intraday extremes. I make all my money on trend days, I try to avoid chop days because it is all program trading bullshit. I'm not saying you can't make money when it's a choppy day, I know many people that do, I just know that I cannot, and the bottom line is that as long as the market still exists there will be trend days when money can be made without "the machine" hunting stops.
 
ok so how do u avoid/predict chop days, how do u know when a trend will begin and at the point of entry, how do u know the trend will not end there? Thanks for your reply
 
You must log in or register to reply here.
Back
Top